Hantz Financial Services Inc. Acquires 383 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Hantz Financial Services Inc. grew its holdings in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,132 shares of the financial services provider’s stock after purchasing an additional 383 shares during the quarter. Hantz Financial Services Inc. owned about 0.06% of Seacoast Banking Co. of Florida worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in Seacoast Banking Co. of Florida by 73.4% during the third quarter. GAMMA Investing LLC now owns 973 shares of the financial services provider’s stock worth $26,000 after buying an additional 412 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Seacoast Banking Co. of Florida during the 2nd quarter valued at about $55,000. KBC Group NV raised its stake in shares of Seacoast Banking Co. of Florida by 30.0% in the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 768 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Seacoast Banking Co. of Florida in the 3rd quarter worth approximately $121,000. Finally, FMR LLC boosted its position in Seacoast Banking Co. of Florida by 57.3% during the third quarter. FMR LLC now owns 5,382 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,960 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.

Insider Activity at Seacoast Banking Co. of Florida

In related news, CEO Charles M. Shaffer sold 21,255 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.36, for a total value of $645,301.80. Following the completion of the sale, the chief executive officer now owns 126,232 shares in the company, valued at approximately $3,832,403.52. This trade represents a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Seacoast Banking Co. of Florida Trading Down 1.1 %

Shares of NASDAQ:SBCF opened at $29.96 on Monday. The company has a market cap of $2.56 billion, a P/E ratio of 21.71 and a beta of 1.07. The stock’s 50-day moving average is $27.84 and its 200-day moving average is $26.12. Seacoast Banking Co. of Florida has a 52-week low of $21.90 and a 52-week high of $31.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. The company had revenue of $130.30 million for the quarter, compared to the consensus estimate of $129.20 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Seacoast Banking Co. of Florida will post 1.41 earnings per share for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, December 13th. Seacoast Banking Co. of Florida’s payout ratio is presently 52.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SBCF shares. Stephens lifted their price target on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Truist Financial cut their target price on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $31.00 price target on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Seacoast Banking Co. of Florida presently has a consensus rating of “Hold” and a consensus target price of $28.70.

Seacoast Banking Co. of Florida Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.